The last dividend paid by Coppard Inc. was $1.25. The dividend growth rate is expected to be constant at 25% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price?

a. $51.15

b. $50.72

c. $51.58

d. $52.01

e. $50.29